Perpetual Limited — Director's Dealing 2005

Mar 14, 2005

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

	Name of entity Perpetual Trustees Australia Limited
ABN	86 000 431 827

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Philip Twyman
Date of last notice	7 March 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Units in Perpetual Wholesale IndustrialShare Fund and Perpetual WholesaleBalanced Growth Fund held by spouse ofPhilip Twyman, through a Colonial FirststateSuper account
Date of change	28 February 2005
No. of securities held prior to change	Nil - Perpetual's Wholesale Industrial ShareFundNil – Perpetual's Wholesale Balanced Fund
Class	units
Number acquired	34,361.31 units - Perpetual's WholesaleIndustrial Share Fund106,411.28 units - Perpetual's WholesaleBalanced Fund
Number sold	NIL

Value/Consideration	$40,000 ($1.1641 per unit in Perpetual
Note: If consideration is non-cash, provide details and estimated valuation	Wholesale Industrial Share Fund)
	$120,000 ($1.1277 per unit in Perpetual
	Wholesale Balanced Growth Fund
No. of securities held after change	34,361.31 units in Perpetual Wholesale
	Industrial Share Fund
	106,411.28 units in Perpetual Wholesale
	Balanced Growth Fund
Nature of change	Purchase of units in managed funds
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back-

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change